The low supply of water has led to practices such as rainwater harvesting and rainwater conservation. This has fuelled the demand for rain barrels to store and preserve rainwater for later use. According to a new study by Future Market Insights (FMI), the rain barrel market will reach US$ 1.97 Bn in 2021.
A rainwater barrel is highly useful for preserving water for domestic water uses like washing cars, cleaning laws and even flushing toilet water. Rain barrels not only help in decreasing water bills but also helps in situations like stormwater run-off and wastage of water.
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Open head rain barrels are in common use at a global level due to their ease of handling. This segment is estimated to expand 2.4x times than tight head rain barrels by the end of 2030. Also, the demand for rain barrels made from plastic is expected to remain considerably high. The ease of use and price competitiveness of plastic rain barrels will aid their sales through the course of the forecast period.
Key Takeaways of Rain Barrels Market Study
- While unprecedented COVID-19 outbreak caused setback in 2020, rain barrel sales is projected to recover as the market exhibit 1.6% y-o-y growth in 2021
- Rising focus on rainwater conservation will enable the U.S. account for nearly 85% sales in North America
- Steady growth is forecast within the U.K. and 2021 will be year of recovery as the market exhibit 1.4% y-o-y growth
- Both Germany and France will emerge as lucrative markets for sales in Europe
- China will remain leading market for rain barrels in East Asia, followed by Japan and South Korea
“Erratic climatic conditions in certain parts of the world has caused the demand for rain barrels to rise at an accelerated pace. Rain barrels in-built with the latest technologies are gradually making their way into the market. Recyclability will however remain the foremost factor driving rain barrels adoption. Government initiatives, coupled with focus on water conservation practices, will drive rain barrel sales,” Says an FMI analyst
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Smart Rain Barrels Emerge as Game Changers
Uses of a traditional rain barrel were limited to storing water for rainwater harvesting. Technological advancements and recent advents in the Internet of Things (IoT) have created new possibilities. These advancements have made real-time monitoring of rain barrels possible. Integration with smartphone applications is a key game changer, allowing users to monitor from their phones.
Weather forecasts and time-controlled filling are some of the latest features incorporated in smart rain barrels. Better management of water is possible through automatic release and creating buffer capacities in rain barrels. Rain barrels can now study weather forecasts, thanks to the integration of machine learning and artificial intelligence. These developments are expected to be key game-changers.
Environmental Impacts from Disposals of Rain Barrels might hamper the Growth
Rain barrels are made from materials like plastics, metals, wood, ceramic and clay that consume a lot of energy during production. Sure most of these materials are recyclable but they’re also harmful to the environment. Most plastic rain barrels could be re-used for years and but could be recycled only up to a certain number of times.
Disposing plastic is a critical task because it isn’t biodegradable and does not decompose. Metal rain barrels often fall prone to rusting and eventually turning into scrap. Environmental impacts of disposal of rain barrels could act as a setback for the expansion of the rain barrels market.
Who is Winning ?
The global rain barrels market is highly fragmented. Domestic players hold a larger portion of the market. Some of the key players operating in the global rain barrels market are ORBIS Corporation, Capi Europe B.V., GRAF GMBH, Koolatron Corporation, ROTO Group UK, WISY AG, The Barrel Makers, Etills Limited., Oaklands Group Ltd., Good Ideas Inc., Algreen Products, Inc., Bosmere Products Ltd. and Emsco Group.
Scope of the Report
|Historical Data Available for||2015-2019|
|Market Analysis||USD Million for value and 000’ Units for Volume|
|Key Regions Covered||North America, Latin America, Europe, , Middle East & Africa, South Asia, East Asia, and Oceania|
|Key Countries Covered||USA, Canada, Germany, UK, France, Italy, Spain, Benelux, Poland, Russia, China, South Korea, India, Thailand, Malaysia, Vietnam, Indonesia, Australia, New Zealand, GCC Countries, Northern Africa, Southern Africa|
|Key Segments Covered||Capacity, Material, Head Type, Region|
|Key Companies Profiled||ORBIS CorporationCapi Europe B.V.GRAF GMBHKoolatron CorporationROTO Group UKWISY AGThe Barrel MakersKingfisher Direct LtdEtills Limited.Oaklands Group LtdGood Ideas Inc.Algreen Products, Inc.Bosmere Products Ltd.Emsco Group|
|Report Coverage||Market Forecast, brand share analysis, competition intelligence, DROT analysis, Market Dynamics and Challenges, Strategic Growth Initiatives|
|Customization & Pricing||Available upon Request|
Key Questions Answered in the Report
- Which is the most lucrative market for rain barrels?
Indonesia is the most lucrative market for rain barrels. It is estimated to rise at a CAGR of above 7%.
- Which is the top-selling capacity of rain barrels?
Rain barrels with a capacity of 75-125 gallons account for maximum sales in the market.
- What are some recent technological developments in rain barrels?
Beep sensors and automated lids are some technological developments that are incorporated to transform rain barrels into smart rain barrels.
- Which are some leading companies offering rain barrels?
Orbis Corporation, Capi Europe B.V., GRAF GMBH, Koolatron Corporation, ROTO Group UK, WISY AG, Etills Limited., Oaklands Group Ltd and Emsco Group are few leading players in the rain barrels market.